BlackRock Submits Application For A New BTC Premium Income ETF

BlackRock has submitted an application for a $12.5 trillion Bitcoin Premium Income ETF, generating excitement within digital asset markets and among institutional investors. In contrast to BlackRock’s earlier product – iShares Bitcoin Trust (iBIT), the proposed Bitcoin Premium ETF utilizes a covered-call strategy aimed at producing yield for its stakeholders.

By leveraging options on BTC, BlackRock seeks to provide consistent income distributions that attract yield-hungry investors looking for Bitcoin exposure while seeking to minimize market fluctuation.

Bloomberg ETF analyst Eric Balchunas shared his thoughts on X, stating, “With all the other coins preparing to be ETF-ized, it’s significant that BlackRock is advancing with another BTC product, indicating a strategy focused on Bitcoin and Ethereum, putting the others on hold, at least for now. This opens up the competition for those other coins significantly. There’s no Secretariat to compete against.”

“Conversely, all the other BTC covered call ETFs currently available or in the pipeline have just been shaken up,” he remarked.

BlackRock registered the title iShares Bitcoin Premium ETF, with filing imminent. This represents a covered call Bitcoin strategy aimed at generating yield for Bitcoin. This will be a ’33 Act spot product, following the $87b $IBIT. pic.twitter.com/IR7hJ59m6q

— Eric Balchunas (@EricBalchunas) September 25, 2025

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Is BlackRock Crafting Financial Products Wall Street Can’t Overlook?

BlackRock isn’t going all-in; it’s crafting offerings that Wall Street can’t ignore.

A premium income ETF transforms Bitcoin into yield for institutional investors.

Could this be the gateway that attracts trillions into cryptocurrency markets?

— Crypto Ex-Insider (@XInsiderCrypto) September 25, 2025

As noted by prominent X user Crypto Ex-Insider, “BlackRock isn’t going all-in, it’s crafting products that Wall Street can’t dismiss.”

Meanwhile, Leon Waidman, the research lead at Onchain Foundation, stated, “BlackRock has established a quarter-billion-dollar business in nearly no time. In contrast, numerous fintech unicorns take a decade to reach that level. This isn’t just experimentation anymore. The world’s largest asset manager has shown that crypto is a genuine profit center.”

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iBIT Affirmed BlackRock As the Leading Provider of Regulated Bitcoin Funds

iBIT was initiated in early 2024 and has accumulated over $87 billion in assets.

iBIT commands approximately 60% of the US BTC ETF crypto market and has brought in more than $218 million in annual revenue from its Bitcoin products, coupled with $42 million from its Ethereum funds.

Despite being a fraction of the size of BlackRock’s flagship S&P 500 ETF (IVV) in assets under management, iBIT’s revenue generation has surpassed that of the S&P 500 ETF. This remarkable growth signifies an uptick in institutional interest in regulated BTC exposure.

EXPLORE: BlackRock’s spot BTC ETF IBIT Surpasses S&P 500 ETF Annual Revenue

 

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